Libbey Inc. (LBY) Short Interest Up 7.1% in September
Libbey Inc. (NYSE:LBY) was the target of a significant growth in short interest during the month of September. As of September 29th, there was short interest totalling 573,666 shares, a growth of 7.1% from the September 15th total of 535,863 shares. Based on an average daily trading volume, of 124,865 shares, the days-to-cover ratio is currently 4.6 days. Currently, 2.7% of the shares of the company are sold short.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL acquired a new stake in shares of Libbey in the 2nd quarter valued at approximately $127,000. Voya Investment Management LLC boosted its holdings in shares of Libbey by 18.1% in the 2nd quarter. Voya Investment Management LLC now owns 16,424 shares of the company’s stock valued at $132,000 after buying an additional 2,522 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Libbey in the 2nd quarter valued at approximately $159,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Libbey by 9.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,180 shares of the company’s stock valued at $163,000 after buying an additional 1,712 shares during the last quarter. Finally, Thrivent Financial For Lutherans acquired a new stake in shares of Libbey in the 2nd quarter valued at approximately $172,000.
Shares of Libbey (NYSE:LBY) traded down 0.80% during mid-day trading on Tuesday, hitting $9.89. 155,410 shares of the stock were exchanged. Libbey has a 12-month low of $7.33 and a 12-month high of $20.76. The firm has a 50-day moving average price of $8.48 and a 200 day moving average price of $9.22. The company’s market capitalization is $217.72 million.
Separately, Zacks Investment Research upgraded shares of Libbey from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th.
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Libbey Inc is engaged in the design, production and sale of tableware and other products. The Company’s segments are U.S. & Canada; Latin America; Europe, the Middle East and Africa (EMEA) and Other. The U.S. & Canada segment includes sales of manufactured and sourced tableware having an end market destination in the United States and Canada, excluding glass products for original equipment manufacturers (OEMs), which remain in the Latin America segment.
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